South Korean prosecutors have raided the headquarters of Bithumb, a prominent cryptocurrency exchange, as part of an investigation into allegations of financial misconduct. The inquiry centers around claims that Kim Dae-sik, the former CEO of Bithumb, misused over $2 million in company funds to purchase an apartment. This investigation has raised concerns regarding the management of company finances within the crypto sector. In a separate but related development, the Korea Financial Intelligence Unit (FIU) has initiated enforcement actions against several unregistered overseas cryptocurrency exchanges operating illegally in South Korea. Among the exchanges targeted are BitMEX, KuCoin, CoinW, Bitunix, and KCEX, with potential sanctions including website blocking as the FIU aims to ensure compliance with local regulations.